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the fiscal cliff. how the crisis in washington could end up making new prices double in the next few week. >> wild scene. shark tank burst sending fish flying and shoppers into a panic. we let you know what led up to the you know what led up to the accident and what happened >> one of the hero of the first if you feel war operation desert storm has died. general norman schwartskopf commander of the international coalition that drove iraqi forces out of kuwait unthe president president bush has died. chuck takes a look back. nishtion 1 1990 norman was a little known u.s. army general looking ahead to retime. then iraq dictator hussein invaded neighboring kuwait and storming norman was a household name. he turned into the face of the u.s. led counter attack. called operation desert storm to evict iraqi invaders. >> impossible to say how long it will take. let me put it this way it's going to take as long as it takes for the iraqi to get out of the kuwait and united nations resolution to be enforced. >>reporter: 6 week campaign of bomb boardment routing iraqi in 100 hours. >> now i
hosting uconn in women's hoops. i'm colin rush. have a great day everyone. >> katie: next the fiscal cliff-hanger, senators could vote on plan to save the country from the fiscal cliff on sunday but so far hopes have lawmakers striking deal haven't been met. and local high school band making history in the tournament of roses parade. >>> developing news out 6 moscow where a jetliner caught fire killing two people on board. twin engine jet went off the runway and broke apart and caught fire. news reports say about a dozen people were on board and several of them were seriously injured. it was a ministry spokesman that confirmed two people died. >>> in washington, senate a lot leaders are hoping to come up with a compromise they can send to the house tomorrow to avoid the fiscal cliff. lisa stark has the latest. >> there is nothing like a deadline to force action. the president met with congressional leaders for the first time in six weeks and then proclaimed himself modestly optimistic. >> they are watching what we are doing here. their patience is always thin. >> with the clock running out
increases and spending cuts that are due to take effect next week. no official fiscal cliff negotiations between republicans and democrats have been scheduled. not a great deal of progress. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficult to do any type of tax planning and advising because nobody really knows exactly what is going to happen. >> much of the uncertainty centers around whether the united states is about to fall off that a fiscal cliff. if that happens, that would mean the end of the temporary payroll tax cuts. even if that doesn't happen, most believe taxes will go up next year. >> one of the things that is being floated right now is people are advising people to get out of dividend paying funds, high dividend yield funds and m
of the so-called fiscal cliff, but how about the dairy cliff? milk prices could double next year because a national farm bill expires on january 1st. if lawmakers do not extend that bill it, reverts to 1949 law when the government and not the market controlled prices. because of antiquated formulas used to set the price, a gallon of milk which now costs close to $4 in most places could jump to 6 or possibly even $8. >> it's the most important ingredient we use. if prices go up, it definitely affects our business. we're definitely concerned and we keep our eyes on the market. >> but some experts are downplaying the dairy cliff, saying the agriculture department will stall until congress moves to keep prices down. the farm bill provides disaster relief for farmers. >>> gay couples are now allowed to marry in the state of maine. [ applause ] >> this is video of the first gay couple to wed in portland, main. the two exchanged vows in the city clerk's office just after midnight when the new law took effect. voters in maine, washington state, and maryland approved gay marriage in november. gay
. >> some hope for talks on the fiscal cliff. with just five days until the country tumbles into automatic tax hikes and spending cuts the president has scheduled a meeting. danielle nottingham on the efforts. >> reporter: top congressional leaders are expected to meet with president obama at the white house friday. this would be the group's first face to face meeting since november 16th and a last minute chance to avoid the so-called fiscal cliff. if no deal is reached taxes will go up for nearly every american and harsh spending cuts will kick in on january 1st. senators reconvened on thursday with tension spilling over on to the floor. >> speaker boehner is unwilling to negotiate. there's nothing happening. >> the phone never rang and so now here we are five days from the new year and we might finally start talking. >> reporter: senate majority lyddite harry reid skewered house speaker john boehner, charging he's more interested in his leadership position than in bipartisan legislation. >> the speaker's number one goal is to get elected speaker on january 3rd. >> reporter: the two sides
the fiscal cliff the latest on negotiations next. >> and chang restrictions are lifted on rows are clearing fresnel in the sierra will have an update on conditions. >> plus many is offering free service to celebrate its 100th anniversary will have a live report as the kron 4 morning news continues into minutes no all and thank you for and joining us there have been three homicides and 98 minutes will have details coming up. >> the clock is ticking for a solution in washington. we are just four days away from a fiscal cliff. we was see what congress will do today. >> we are seeing an increase and cloud cover. it is a cold start outside. as we head into afternoon rain chances could start for the bay area. as we take a look at the numbers. it is 30 degrees in santa rosa. it is 39 currently in fremont. tomorrow morning we went may wake up to rainy weather. >> we are looking at pretty light traffic around the bay area. i do not think that we will see anything different than what we have seen all week long. right now but quick commute check shows there is a like ride through the east bay. the res
and we are one day away from americans getting tax hikes from the fiscal cliff. >> reporter: senators arrived at the capitol to continue last- minute negotiations hours before the nation is set to fall off of the cliff. after a day of intense talks, senate majority leader, reid, said there will not be a deal tonight. >> this is still distance between the two sides. negotiations continue. >> reporter: if republicans and democrats can not strike a deal before midnight on monday, taxes will go up for almost every american. automatic spending cuts will kick in and millions will lose unemployment benefits. >> i want everyone to know i want to get it done but i need a dance partner. >> reporter: republicans introduced but with drew the proposal. senators say there is movement as both sides try to compromise about which americans should start paying a higher tax rate. >> this is far too much at stake for political gamesmanship. >> in an unusual move, republicans called on the nation's number 2 democrat, vice president joe biden to help with the negotiation. >> >> they say the biggest thing
agree to it but it's all tied up in the fiscal cliff mess. tax filing season starts next week but the irs would put a hold on that for some. officials would wait for a deal in the new year instead of doing serious reprogramming to their tax system. filing would then be pushed back to march for millions. with refunds coming much later than usual. especially for those who plan on paying off credit card bills that often pile up after the holidays. now all of this could be avoided a deal before the deadline monday night but some long time lawmakers fear it won't happen, more on that when i see you next. live in washington. >> oil prices started edging up arch the president announced he would return from vacation early so he could work on fiscal cliff negotiations. crude oil sells for almost $91 a barrel up nearly two dollars a barrel. it's expected to increase as hope rises that a budget deal can be reached before the deadline and that could keep the economy growing while no agreement may put the united states back into recession. >> several states are under blizzard warning thi
to meet tomorrow. the house, no plans to convene and no fiscal cliff negotiations have been scheduled. >> and taxpayers facing uncertainty as we head into the new year with the government on the edge of the fiscal cliff. >> for many of us, strategize might not apply this year. >> this is a different year, and there is unknown fate of two popular tax deductions for middle class. deductions for chairitable contribution asks and for home mortgages. when it comes to year end finances old rules may not add up this year. >> it's very difficult to do any type of tax planning and advising because nobody knows what is going to happen. >> much uncertainty centers around whether the united states is about to fall off that fiscal cliff. if that happens would it mean the end of the tear tax cuts. most believe taxes will go up next year. >> one of the things now is that people are advising people to get out of high dividend funds and move into tax exempt bonds that won't be taxed. >> the current negotiate yigs between the president and house speaker could mean the reduction of the general deduction
. if congressiu6çils to avoid the fiscal cliff, financial consequences are significant. now there, is a computer program. the fiscal cliff calculator allows you to pick your category, enter income, and presto. it will pop up what you are to cough up next year. >> it's a lot. >> jason is an engineer with a wife and three kids. looking at 17,000 in change. >> oh, my god. that is another, additional, i mean... >> 4dzs short of $3,000. >> i know. i know. >> telling me that is like losing a month's salary. >> significant reduction. >> oh, yes. a big run. >> a single person making $46,000 can count an n increase of $1300. married with no children, $57,000 it's $2200 you'll be paying. and married with two kids and income of $146,000, $7300 more. and if you're up there in top 1% making $2 million it's going to cost you $122,000. >> people have a sense of the broader national debate. >> joseph rosenburg is a research associate that developed the calculator saying the goal is to bring the debate homes home in terms of a bottom line. >> hopefully, better information. you know? will improve thebj.en;g >>> t
. >> that is nice, thanks, alex. >>> on capitol hill the debate over the fiscal cliff continues to strike a partisan tone with only days left before the deadline. on the senate floor today harry reid blasted john john boehner, accusing him of inaction, he called on him to round up his colleagues so a deal can be reached. >> john boehner seemed to care more about keeping his speaker s hip than keeping the nation on firm footing. >> a speaker for him said he should legitimate more and talk less about that. major tax cuts will hit by then, the president cut short his vacation in hawaii to resume negotiations. >>> a new survey shows u.s. consumer confidence tumbled as the fiscal cliff nears, the consumer confidence index fell to 65 in december, the lowest level since august, last month it was at 71.5. economists say the decline is due to fears of sharp tax increases and government spending cuts set to take effect next week. barkley is considering a plan to change the face of downtown with the first high rise in that city in 40 years, a los angeles real estate group today submitted and application for t
on channel 7:00, fiscal cliff continues in washington tonight. lawmakers reach one deal that will affect our wallets snst. ♪ >> music proves to be good medicine for recovering george h.w. bush. >> a kiss at midnight and dropping of the ball. for buidists it it's the risking of the bell they welcomed the new year by ringing the bell. visitors were asked to join in to curb mortal
hawaiian vacation short to get back to fiscal cliff talks in washington. the country is a week away from tax increases and deep spending cuts that will be triggered without an agreement. the next move will likely fall on democratic senate leader harry reid. >>> it's a scary statistic for recent college graduates. the number of young californians with degrees working in restaurants or retail has nearly doubled over the last five years. grace lee tells us these are the same people who have expensive college loans to pay off. >> reporter: when you're shopping this holiday season or eating out, take a look around. you might notice a lot more people under 30 working those jobs. according to the census bureau there are about 260,000 young adults with college degrees in california taking work in food service and retail because they can't get anything else. >> pretty sad now. >> reporter: roary graduated with a computer science degree. >> i graduated with my bachelors in 2009 and my first job was at a retail store. at first it was kind of embarrassing. >> i couldn't get a job in the field i want
in sight to avoid the fiscal cliff. we'll tell you how president obama is pushing forward as the clock ticks. >> first this morning's tech bites. >>> in today's tech bites, amazon.com getting a present from shoppers, good review, survey puts amazon at the top of the list where it has been the past eight years. big jim in americans reading e-books, re-- research finds 16 and older red -- print reading drops from 72% down to 67%. salary of time cook dropped by 99%, his 2012 compensation 4.2 million dollars, far cry from the 378 million last year. steve jobs' famously collected a dollar a year. >> for the first time in its history voting for oscars online some voters are complaining the system is confusing and worried it could be vulnerable to it's time to change the way we clean. it's time to free ourselves from the smell and harshness of bleach. and free ourselves from worrying about the ones we love. new lysol power & free has more cleaning power than bleach. how? the secret is the hydrogen peroxide formula. it attacks tough stains and kills 99.9% of germs. new lysol power & free. powe
station. >>> fiscal cliff could affect the price of your breakfast in just a few days. i'll explain, coming up. >> first america's money report. >>> good morning. sales of new homes jumped 4.4% last month. new home sales up more than 15% over the past year. ford will spend more than 3/4 of a billion dollars to expand a plant in michigan creating more than 2300 jobs part of ford's promise to invest 6.2 billion dollars in u.s. plans and create 12,000 jobs by 2015. biggest movie flop of 2010 -- 2012, playback, grossed 264, meaning two dozen bought >>> breaking news out of new jersey. three police officers have been hurt after gunfire erupted inside police headquarters in gloucester township, south of philadelphia. medics rushed to the station 5:30 this morning local time. one officer was shot, all taken to the hospital. it is unclear how severe their injuries are or what happened inside the police station. >>> breaking news overnight, russian president has may it official, it is now illegal for americans to adopt children from russia. vladimir putin signed the bill into law, banning ad
days looks to be on thursday. >> ama: thank you. still to come, falling off the fiscal cliff. it's down to the wire. but will congress bow to president obama's pressure. >> and the i-team reveal while the state unemployment department won't answer your phone call when you knead the most help. >> the fight against the growing crime in oakland. what community leaders say >> ama: our breaking news from the south bay. san jose firefighters are battling a two-alarm fire in an important building -- an apartment building. firefighters say a second floor apartment is fully engulfed in flames. there's a report of one injury to a person suffering smoke inhalation. >> a family is grieving the loss of a father and son. the father tried to save his nine-year-old son who was overtaken by a wave. both victims were pronounced dead after rescuers recovered them off the shore. >>> san francisco police are looking for the man who robbed a woman, then killed her dog, last night. the 12-year-old pekingese was thrown on the street in front of traffic. a witness to the crime is offering a $1,000 reward to cap
processing the scone for the next couple of hours. janine de la vega, ktvu channel 2 news. >> thank you, janine. >>> there are new developments today in efforts to keep the country from going over the fiscal cliff at midnight. president obama addressed the nation and said a resolution is within sight. kyla campbell joins us from washington with the issues that still remain unresolved good afternoon, kyla. >> reporter: david, i just got off the phone with senate officials and they say there's no word yet on a possible vote today. with the hours ticking away, president obama came out to say a deal is in sight but it's not yet complete. vice president joe biden took over negotiations with mitch mcconnell yesterday after talks stalled between senate leaders. now, mcconnell said just minutes ago he wants to move forward on the tax offer and the latest democratic offer is to raise taxes on households making more than $450,000 a year. but there's still disagreements about spending cuts. >> that has been a good faith negotiation. we all want to protect tax payers. and can get it done now. >> we
boehner said he's willing to bend on raising taxes for the wealthiest americans to avoid the fiscal cliff. >>> don't be surprised if you come across a dui checkpoint in your neighborhood over the next few days. the highway patrol and other law enforcement agencies have their checkpoints in place. they will continue to be every night through new year's day. >>> a bay area law maker is proposing a new solution for getting repeat drunk drivers off the roadways. it's already being as utilized in other states. abc7 news reporter david louie has the details of the new proposal. >> the thinking behind the proposed crackdown of repeat offenders is to address what state senator jerry hill says is a high rate of drunk drivers who don't modify their behavior. he cites 2009 statistics, the most recent numbers available. >> there were 161,000, 161,000 dui arrests and convictions in california. twenty seven percent of those were repeat offenders. >> a second dui conviction would require a a driver to buy and install an ignition intercept device. this is video posted on youtube by several manufacturers
store, google play and amazon's app store. >>> the fast-approaches fiscal cliff is no laughing matter but sometimes you have to have a sense of humor about things. some portland, oregon people have taken their disappointment to the street. the street sign reads fiscal ahead. >> coming up next at six we continue to follow breaking news in san jose where three people, including a young child, have died in an apartment fire. we will have a live report with the latest from the scene. and the search for a man accused of killing a dog in a brutal robbery. >> good morning, i'm caroline tyler. we begin with breaking news. san jose fire officials are beginning what one says will be a long investigation into a fatal fire that began late last night. three people, including a baby, died when flames swept through their apartment building. abc7 news reporter kira klapper joins us live from the
concerns. >> just the uncertainty, the fiscal cliff and how things are gonna pan out from these next few months. >> the increase on sales tax from prop 30 will last for four years. the god news for consumers, the sales increase does not apply to gas. >>> 8:24. let's go to tara right now. we have some problems on caltrain. what's going on? >> that's right. on the southbound 322 train we had an emergency break near brisbane due to signal problems. we'll keep you posted on whether it causes more widespread delays. 101 looking good. we do want to mention that muni, vta, caltrain and sam transare all offering free rides tonight. so be aware of it. b.a.r.t. also offering extended service. up next, the bay bridge, your commute into san francisco, a nice one. no delays at all. the metering lights never went on. 101 near san jose, northbound as you make your way to the air looking good. here's steve. >>> all right, tara. thank you very much. cold this morning. 20s, upper 20s -- 20ss, some 30s. that system coming in is losing a lot of its punch. 30s, livermore airport has just gotten a little bit
hour deal to keep the country from falling off the fiscal cliff? important meetings set to begin in hours. >>> vodka bottle credited with thwarting this stick-up tempt. we'll show you the dramatic video. >>> and michael finney gives your new year's resolution to drop weight a jumpstart. we'll put >>> last day of 2012, good morning i'm katie marzullo in for eric thomas. >>> and i'm kristen sze. clear, beautiful weather. >>> check it out right here, boom, that is clear, no radar returns no rain, the only thing you are going to find is a little frost on the ground this morning because of the chilly temperatures. a few high clouds from time to time, definitely a bright day. off to a chilly start around the bay 34 to 44, 44 in san francisco, the warm spot. by noon, [ inaudible ]
. with the focus on the fiscal cliff - other legislative matters are falling by the wayside.including a stalled farm bill. certain protections for farmers are expiring. one of them is the dairy subsidy, which ends january first. if congress doesn't act before then, the u-s would revert back to a 63-year-old dairy policy. it would force the government to buy milk at inflated prices, driving up the cost.. ------------------------ now showing les miserables- >> quentin tarantino takes movie goers to the deep south of a plantation owner ...with leonardo eicaprio samuel l. jackson and 'les miserables' the revolutionary tale is starring hugh jackman, russell crowe and anne hathaway... and aparental guidance' is a rated pg...with billy crystal and bette midler. kron 4. the biggest parties and spectacular fireworks. will all be on kron 4's new year's live show. gary radnich and i will be hosting. kron 4's - new year's live. starts at 11-30 on new years eve. . ♪ because we know how much you do to make the holidays just right. from ornaments to ottomans, memories are made with ikea. here's stanley robe
the so-called "fiscal cliff." this is a live picture of the u.s. capital right now where the house is set to reconvene less than a half hour from now. but there are questions about how much progress can be made. andrew spencer has more on why the process steams have stalled -- seeps to have stalled. >> if there is an ultimate compromise, there will be parts of it that i find disgusting and reprehensible which i may have to swallow in the name of finding compromise. >> reporter: a rare sunday session on capitol hill. >> the senate will come to order. >> reporter: as lawmakers work on a voiding the so-called "fiscal cliff." talks briefly hit a, quote, major setback on sunday over social security benefits according to a democratic source. but both sides agree to push forward. >> i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: vice president joe biden is apparently that person for senate minority leader mitch much. top level sources say the two are taking over talks. if nothing is resolved by midnight tax rates for all americans will increase. de
of compromise to avoid a so-called "fiscal cliff." the house is set to reconvene this morning at 6:00 pacific time. andrew spencer has more on why the process seems to have stalled. >>> reporter: >> if there is an ultimate compromise, there will be parts of it that i find disgusting and reprehensible which i may have to swallow in the name of finding a compromise. >> reporter: a rare sunday session on capitol hill. >> the senate will come to order. >> reporter: as lawmakers work on avoiding the so-called "fiscal cliff." talks briefly hit a, quote, major setback on sunday over social security benefits according to a democratic source. but both sides agreed to push forward. >> i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: vice president joe biden is apparently that person for senate minority leader mitch mcconnell. top level sources say the two are taking over talks. if nothing is resolved by midnight, tax rates for all americans will increase and democrats say it means about $2,000 for the average middle class family. >> one mom said to me in mi
to washington sooner than planned, what he is saying about avoiding the fiscal cliff. >>> and what they are doing to keep escalators in service at bart stations. >>> we have a report in the south bay coming up, we will tell you about that next. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. . >>> welcome back, new this morning, thousands have been left homeless in manila. authorities say a riot broke out after a second fire left 8,000 people homeless. a man was accused of starting the fire but the fire was likely sparked by a burning candle. >>>
to fall off that fiscal cliff. if that happens, that would mean the end of the temporary payroll tax cuts. even if that doesn't happen, most believe taxes will go up next year. >> one of the things that is being floated right now is people are advising people to get out of dividend paying funds, high dividend yield funds and move more into tax exempt bonds and things like that that won't be taxed. >> the current budget negotiations between president obama and house speaker john boehner also could mean the reduction of the popular deduction for charitable contributions. >>- q. i if it came to the poi -- >> if it came to the point where i wasn't receiving my credit for helping out a charity or even helping them out in their situation, then why would i even help them out? >> statements like that that has the chief executive officer of the united way of the bay area and other nonprofits fighting to obtain charitable deductions. >> it would be a mistake to think thereth was only a benefit for high income people. 24r* are many, many donors who itemize their taxes, and they take advantage of the
capitol hill today, hoping to avoid the fiscal cliff, combination of spending cuts and tax hikes with will go into effect unless lawmakers can broker a deal before the end of the year. will meet with congressional white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. jive to be very honest mr. president, -- >> i have to be very honest mr. president, i don't know time-wise how it can happen now. >> reporter: senate majority leader harry reid]vtkÑ lashed ot at speaker boehner accusing him of running a tar forship. >> john boehner seems to -- >> reporter: republican leaders blame democrats for the standoff and say there are limits to a compromise. >> republicans aren't about to write a blank cheque or anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama flew home early from his hawaii vacation yesterday. speaker boehner call the house back into town for an unusual sunday session. members of congress understand the
back from the fiscal cliff why congress may be selling the new year on capitol hill. >> first america's money report. >>> good morning. topping america's money, last minute shopping, many shoppers haven't finished. consumer reports says 17 million will be shopping today, more than 60% will throw in the towel and get those gift cards. so far, a quiet holiday season at the malls, analysts say shoppers are worried about the budget stalemate in washington delayed by superstorm sandy and depressed by the connecticut school shooting. retailers hope today will make up for that many federal workers have more time to shop, president obama gave them today off, many government offices are closed. financial markets closing early as are most post offices. the hobbit topped box office again for the second straight weekend, it took in 37 million dollars more than double any other movie even though many did their last minute shopping instead that's . >>> just about 5:14 thank you spore spending your christmas eve with us. live look towards san francisco, beautiful lights, bay, rain is going to take a
the fiscal cliff in just hours, time is running out for congress to make a deal. and what a difference a day makes. on thursday, things looked bleak. >> speaker boehner is unwilling to negotiate we have not heard a word from leader mcconnell. nothing is happening. >> we wanted an agreement, but we had no takers. >> o'donnell: it took a trip to the white house and a package scolding from the president. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. >> o'donnell: but by week's end, senate leaders agreed to make a last-ditch effort to get a deal. >> so i'm hopeful and optimistic. >> i'm going to do everything i can. i'm confident senator mcconnell will do the same. >> o'donnell: we'll have the
. >> if president obama and congress aren't able to avoid the fiscal cliff people here in california will be hit especially hard because of prop 30 which was voted into law back in november. it will soon mean higher sales tax and higher income tax on the state's top earners. the fiscal cliff would add to that hitting all americans with higher taxes. >> i don't know, there's a word to describe how upset the public is going to be. nobody's going to be happy to see that happen. >> if taxes go up on everybody it's not going to be a happy time. but i think that's inevitably what's going to happen. >> they say the lowest income folks will see their take home pay shrink just over three and a half%. average earners 4% and top earners 6%. >> another sign the housing market is improving, the national association of realtors says pending home sales rose last month to the highest level in 2 and a half years. pending sales rose nearly 2% in november and that's the third month in a row it's gone up. >> amazon had a green christmas season. they announced the 2012 holiday sales were the biggest ever. they had s
rolling on averting the fiscal cliff. in a letter to star birks employees made public this morning, chief executive howard s \cc chultz next employees that is approximately 120 d.c. area stores to write come together on coffee cups on serving customers tomorrow and friday. starbucks plans to buy as in washington post and the new york times later in the week as part of its come together campaign. >> rumors that a second generation ipad mini with eight right now display is set to lions ahead of apple's typical annual schedule that share have been swirling. now it appears that apple's full- size ipad may be sticking to its new semi and release schedule. new reports suggest that apple's plans to launch a new standard, lauder 9.7 in. ipad as soon as march 2013. the fourth ipad model was just released last month along side the ipad mini, but march was also suggested in recent red ipad mini remorse. >> we will be right back. heavy snowfall in the sierra is causing dangerous conditions for skiers. in the past three days, two people have died and two others have been injured after being called in
for the nation's lawmakers to avoid the dreaded "fiscal cliff." we have a live picture from the u.s. capital where the house just reconvened just a short tim ago. a source telling the "associated press" the democrats have offered to extend tax cuts for families making up to $450,000 a year and individuals that are making $400,000 a year. the president originally wanted the tax cuts to be extended only for families making up to $250,000 a year. for more on the down-to-the wire talks here's andrew spencer. >> if there is an ultimate compromise, there will be parts of it that i find disgusting and reprehensible which i may have to swallow in the name of compromise. >> reporter: a rare sunday session on capitol hill. >> senate will come to order. >> reporter: as lawmakers work on avoiding the so-called "fiscal cliff." talks briefly hit a, quote, major setback on sunday over social security benefits according to a democratic source. but both sides agree to push forward. >> i want everyone to know i'm willing to get this done, but i need a dance partner. >> reporter: vice president joe biden is ap
for a fifth consecutive day. investors remain on edge as monday night's "fiscal cliff" deadline inches closer. president obama meets with congressional leaders today to try and hammer out a last- minute plan to avoid billions of dollars in automatic tax increases and government spending cuts set to kick in january 1. a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board says its consumer price index fell sharply for the second month. >>> a potential dock worker strike is possible on the east and gulf coast which threatens to cost the nation's economy billions. more than 14,000 longshoremen are ready to walk off the job sunday. a strike would shut ports from boston to houston. those ports move as much as 100 million tons of goods each year including everything from flat screen tvs, sneaker and snow shovels. >>> the housing market shows new signs of rebounding. the commerce department says sales of new homes increased by about 4.5% in november from the month before. that's the fastest pace in two years. >>> and tha
of snow wind gusts up to 40 miles per hour and a huge travel headache for the next two days, at least. >> especially at this time of year. thank you so much. we turn now to political turbulence, and the fiscal cliff gets closer. congress now has six days to make a deal. they'll be back on capitol hill tomorrow, and chip reid is in washington. >> president obama will be arriving in washington tomorrow and both houses of congress will be back in session tomorrow. that will give them just five days to put together a deal to avoid the massive automatic tax hikes and spending cuts known as the fiscal cliff. >> president obama spent christmas day visiting with troops in hawaii. >> while back in washington uncertainty about the looming fiscal cliff continues. there has been to communication between republicans and democrats about how to avoid going over the cliff. before the christmas break, speaker john boehner was unable to get enough support from respects to pass his plan and help said it was up to the white house and the senate to avert the cliff. so now harry reid i
about the fiscal cliff. they say sales rose 0.7% this holiday season compared to a 2% increase leisure. >> netflix's c. ito reed hastings pay with the double to $4 million next year, after he took a pay cut due to the management missteps and this year. hastings pay will include $2 million in stock options. controversy will decisions, including a steep price hikes on subscriptions, said the stock spiraling down and 2011. hastings pay was cut shortly thereafter. >> making interstate phone calls could soon get cheaper. this is for prison inmates. prison calling systems are different and normal pay phones. a typical 50 minute conversation, and because an average of $16. and new york, where fees are banned, rates can go as low as 5¢ a minute. but in places like colorado, and rates it charged more than 96 admitted. the fcc is planning to open up public comment and reduce rates nationwide. >> we will be right back. >> let's take a live look outside at our nation's capital. it this is that washington d.c.. the snow is falling there. now back in our local weather. >> snow levels are dropping d
working at trying to avoid the fiscal cliff. the deadline is midnight tonight and we will have the latest on negotiations coming up. also transportation around the bay area for this new year's eve. also more on the san francisco 49ers within the nfc west for the second year in a row. we will have more on the big game as the kron4 morning news returns in just two minutes. (male announcer) live from the bay area here is your kron 4 news >> thanks for joining us with the top clock is ticking on the so-called fiscal cliff and last-minute talks are currently under way. bart and muni are helping the year's eve party years get around today. will tran as more info for you. >> it is cold right now and temperatures are going to drop once again while everyone is celebrating year's eve. but a good thing it is dry but by 8:00 p.m. we will see a wide range of 40's. bringing in the new year and welcoming the 2013 we are talking mid 30's and land. it will be chilly so dress in layers. we'll have mostly sunny skies aclear skiess perfect for the fireworks. 32 currently and concord and i will have a look at
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